SCMP Appoints Darryl Choo as Regional Sales Director, APAC

Hong Kong, 12 April 2021 – The South China Morning Post announced today the appointment of Darryl Choo as Regional Sales Director, APAC. Choo will lead the Post’s international advertising business in the Asia Pacific region and contribute to its international sales strategy.

SCMP’s expanding international audience has given advertisers the opportunity to connect their brand to an expanded market, making the Post the news marketing partner of choice across the APAC region. Darryl’s appointment bolsters the SCMP’s focus in Southeast Asia and will lead collaborations with brands keen to engage with its global business audience. In his new role, Darryl will be in charge of implementing and managing the sales activities in the APAC region, identifying new business opportunities and defining strategies to generate new growth opportunities. 

Choo will oversee the regional sales office in Singapore and report directly to Romanus Ng, SVP of Advertising & Marketing Solutions. 

“Darryl’s deep understanding of the Asia market and expertise bolsters our growing digital advertising and branded content business in this region and we are delighted to welcome him to the SCMP team,” said Ng. “Southeast Asia continues to be a key market, and we look forward to leveraging his proven experience to scale our regional and global advertising business.”

With more than 12 years of advertising sales experience and holding strategic sales positions in digital, print and broadcast media outlets, Darryl was most recently the Sales Director at Inskin Media where he was responsible for driving commercial and revenue for the business in Asia. He has held senior managerial advertising sales roles at BBC Global News Limited, Pixels Asia & Gravity4, Sony Pictures Entertainment Networks Asia, SPH Magazines, in addition to stints at Discovery’s AFC Network and FOX Sports.

“News continues to make an impact by connecting people to their world and issues that matter most to them, and it is exciting to join a robust digital-led, multi-platform news organisation in the SCMP. In Asia and across the world, the Post represents journalism that is credible and trustworthy and I look forward to helping partners engage with readers who want to understand global issues from an Asian perspective,” said Darryl. 

SCMP’s Advertising & Marketing Solutions offers a comprehensive portfolio of integrated offerings with unparalleled 360-degree multiplatform coverage and campaign effectiveness. This includes advertising innovations that empower partners with purposeful intelligence and insights through Asia’s leading first-party data platform for news publishing in SCMP Lighthouse and an award-winning brand-storytelling team in Morning Studio to give clients a voice through bespoke content marketing solutions. Visit advertising.scmp.com  for more details.

-END-

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a daily news brief for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism. 

For more information, please contact:

Elgen Kua

elgen.kua@scmp.com

Stef Lo

stef.lo@scmp.com

 

China Digital Health Report 2021 reveals how technology adoption can potentially solve healthcare resource shortages globally

HONG KONG, 16 March 2021 – Healthcare systems around the world continue to face immense pressure in the wake of the Covid 19 pandemic, compounded by an aging world population. The South China Morning Post announced today the launch of its inaugural China Digital Health Report 2021, the most comprehensive and up-to-date report on the topic, that examines how China and other leading nations are adopting technology solutions to address the growing pressure on national healthcare systems and imbalances in health resources. 

The report covers government policy initiatives in China, and presents key challenges and opportunities in each of the four sectors of digital health with data collected from over 200 Chinese digital health companies. Sectors include internet healthcare, AI in healthcare, healthcare IT, and big data in healthcare. The report analyses initiatives behind China’s rapid growth in its digital health industry and provides key trends, challenges, and opportunities for the sector’s future. With Covid 19 driving digitization across all industries, China’s digital health sectors are booming and expected to grow 42% YoY over the next five years. Resource imbalances, high out-of-pocket costs for patients, and the pandemic are among the most consequential drivers responsible for this growth. The growth story of China’s digital health market can provide insights for other nations that are digitizing their healthcare systems.

Developed by SCMP Research, the report also features four in-depth case studies on how the industry has addressed key challenges and opportunities and compares China’s progress in digital health with five leading countries, including China, Australia, Germany,  Japan, United Kingdom and United States. Governments around the world have been rolling out digital health policies to modernize its healthcare systems and alleviate the increasing pressure. SCMP found the global healthcare workforce shortage is expected to grow from 6 million in 2015 to 15.5 million workers by 2030, and Covid 19 has only reinforced the trend. 

The report also reveals how China overcame a slow start to catch up with its global peers in terms of digital health policies and adoption level. China has the second largest healthcare expenditure in the world, behind only the United States who leads in the number of funding deals and is home to the most leading digital health start-ups.

SCMP’s Business Editor Eugene Tang said, “China, the world’s second-largest healthcare market, encounters similar challenges as countries across the globe. Digital health introduces new possibilities and solutions, especially during Covid-19. China’s digital health market is a blueprint for how governments can support digital health efforts, and offer solutions that can create value for patients and the healthcare system. The market is certainly one for global investors and corporate executives to watch.”

Key findings of the China Digital Health Report include:

  • Internet healthcare is the largest of the four sectors of digital health, and is expected to see the highest growth.
  • The most common use case of 54 million internet healthcare users is remote consultation, but many players are driving revenue through sales of drugs and wellness products. 
  • AI in healthcare is significantly reducing time and cost of drug development, a process that typically costs over US$1bn and 10 years.
  • The government has set explicit goals for hospitals to upgrade their healthcare IT systems, specifically to improve the maturity levels of their electronic medical record (EMR) systems.
  • In big data in healthcare, the Chinese government, through state-owned enterprises and state investment companies, has developed major initiatives to develop nationwide infrastructures.

The report is targeted at investors, executives, technologists and academics interested in understanding the complexity of China’s digital health market. Kindly click here for purchasing details, as well as information about five complementary exclusive webinars featuring digital health experts and executives from the China digital health industry.

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

ABOUT SCMP RESEARCH

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.

For more information, please contact:

Muriel Cheung muriel.cheung@scmp.com 

Stef Lo stef.lo@scmp.com 

SCMP’S COMPUTER VISION REPORT TAKES DEEP DIVE ON CHINA’S NEXT AI GROWTH INNOVATION

HONG KONG, 7 December 2020 – The South China Morning Post announced today the release of its inaugural Computer Vision Report, a definitive artificial intelligence industry deep dive that offers a comprehensive resource on the latest trends and future trajectory of China’s largest AI sector. 

Computer vision — the field of computer science focused on enabling computers to visually identify and process objects in digital images or videos — dominates China AI with a 50% market share and currently leads the world in terms of funding with US$4.5 billion raised from venture capital during 2016-18. 

Despite being at the forefront of commercialization and development in China, CV’s application in the security and surveillance sector has become saturated. In addition to the impact of the US-China tech war, this has prompted the drive to discover new domestic alternatives and the next CV growth engine.  

The 130-page report provides insights, essential investment theses, and future market analysis of this surveillance-dependent sector, including exclusive in-depth case studies across five key verticals, an overview of deployment and market development, comprehensive ecosystem maps of more than 160 CV companies in China, and head-to-head comparisons with comprehensive metrics for global investment professionals and companies looking to adopt CV.

A selection of the report’s key findings include:

  • The increasingly saturated surveillance applications in government projects has prompted the CV industry to search for growth in other use cases. Potential opportunities include:
    • Security: As the overall penetration rate of CV remains low, CV companies are expanding their offerings to a wide range of security solutions. 
    • Healthcare: Regulatory change has widened the market for medical imaging.
    • Autonomous vehicles: While fully self-driving cars have yet to be achieved, some players have managed to profit on existing technologies.
    • Finance: The insurance sector is emerging as a major user of object recognition technology.
    • Retail and marketing: CV is in great demand amid stalling sales growth and declining productivity. Major use cases include cashier-free shopping and store traffic analysis.
  • Despite the previous high growth of its CV market, China has yet to take the lead in CV, currently lagging behind the US in key areas, including hardware, talent and patents.
  • Contrary to some people’s belief, privacy concerns over facial recognition are growing in China. Besides, China’s CV industry still needs to work on reducing its reliance on underlying algorithms from the US, convincing its best and brightest to develop their ideas at home, and overcoming its dependence on manually-labeled data.

“Having survived the US-China technological rivalry in 2019, Computer Vision unicorns in China face major challenges with an increasingly saturated market for surveillance applications.” said SCMP’s Technology Editor John Artman. “Searching for the next growth engine after security is a top priority for major CV companies in China and how they adapt will determine the evolution of the AI sector.”

The report is part of SCMP Research’s China AI Deep-Dive Series, targeted at professionals monitoring the development and commercialization of computer vision technologies in China, such as investors, technology companies, corporate executives, service providers, and academics. Please click here to purchase the full Computer Vision Report.

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

ABOUT SCMP RESEARCH

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.

For more information, please contact:

Elgen Kua

elgen.kua@scmp.com

FORMER GOVERNMENT LEADERS TUNG CHEE-HWA AND KEVIN RUDD TO DISCUSS THE FUTURE OF US-CHINA RELATIONS ON CCUSA

HONG KONG, 25 November 2020 – The South China Morning Post announced today its line-up of former top ministers and politicians speaking at the second annual China Conference: USA (CCUSA), headlined by former Chief Executive of Hong Kong Tung Chee-hwa and former Australian Prime Minister Hon. Kevin Rudd AC on December 1-2 beginning at 9 PM HKT. 

Mr Tung, who is currently Vice Chairman of the Chinese People’s Political Consultative Conference, was the first Chief Executive following the 1997 Handover, and has deep insights on US-China relations, as well as Hong Kong’s place in the complicated bilateral relations. Mr Rudd, current President of the Asia Society Policy Institute, will discuss the future of US-China relations in the wake of the US presidential election. 

The second annual CCUSA will feature more than 20 well-known thought leaders, government officials, and business leaders to discuss the future of US-China relations. The line-up includes Mr Long Yongtu, former Vice Minister of Foreign Trade and Economic Cooperation of the People’s Republic of China who will discuss the future of Chinese businesses in the United States backed by decades of diplomatic experience dedicated to bringing China into the global trading system. The event will also feature former US Senator and Ambassador to China Max Baucus, former US Ambassador and Deputy US Trade Representative Robert Holleyman and former US Ambassador Susan M Elliot. A detailed agenda is available here, as well as the full list of speakers

CCUSA will address key issues impacting not only the US-China relationship, including the election of President-elect Joseph R Biden, but also the world at large, with an emphasis on diplomacy, trade, technology and immigration. The program will also address the future of a global economy potentially poised on the edge of decoupling, the wide-ranging impact of the nations’ diverging approaches to global governance, how the global supply chain will continue to evolve, the implications of the intense race for technological dominance, and the future of cultural exchange and immigration policies. 

“In a year full of divisive developments in the US-China relationship and compounded by the impact of the coronavirus pandemic, the conference is an opportunity to untangle and analyse what the future holds between these two superpowers in terms of the global economy, geopolitical uncertainties and technology disputes,” said Tammy Tam, SCMP’s Editor-in-Chief. “China Conference: United States promises to be an event full of insightful analysis, led by SCMP’s editorial expertise as well as leading authorities and academic voices.” 

The China Conference: United States includes access to live sessions, attendee networking and video playback, kindly visit https://ccus2020.scmp.com for registration details. Media can register for a press pass by emailing sadie@causewaystrategies.com for details.

Other speakers at China Conference: United States include –

  • Long Yongtu, Former Vice Minister, Foreign Trade and Economic Cooperation, People’s Republic of China
  • Edward Alden, Bernard L. Schwartz Senior Fellow, Council on Foreign Relations
  • Craig Allen, President, US-China Business Council
  • Amb. Max Baucus, Former US Ambassador to China; Former US Senator (Montana)
  • Myron Brilliant, Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce
  • Wendy Cutler, Vice President and Managing Director, Washington, D.C. Office, Asia Society Policy Institute; Former Acting Deputy US Trade Representative
  • Amb. Susan Elliott, President & CEO, National Committee on American Foreign Policy
  • Bonnie Glaser, Senior Adviser for Asia & Director, China Power Project, Center for Strategic and International Studies
  • Gary Liu, Chief Executive Officer, South China Morning Post
  • Leo Liu, Senior Advisor, Global Strategic Associates
  • Amb. Robert Holleyman, President & CEO, Crowell & Moring International; Former Deputy U.S. Trade Representative
  • Dr. Yukon Huang, Senior Fellow, Asia Program, Carnegie Endowment for International Peace
  • Chris Marlin, Founder and President, Lennar International
  • Prof. John J. Mearsheimer, R. Wendell Harrison Distinguished Professor of Political Science, University of Chicago
  • Donald J. Morrissey, Vice President, Congressional, State, and Local Government Affairs, Huawei Technologies (USA)
  • Stephen A. Orlins, President, National Committee on United States-China Relations
  • Ifeoma Ozoma, Founder and Principal, Earthseed
  • Martijn Rasser, Senior Fellow, Technology and National Security Program, Center for a New American Security
  • Amb. J. Stapleton Roy, Director Emeritus, Kissinger Institute on China and the United States, Woodrow Wilson International Center for Scholars
  • Daniel Russel, Vice President, International Security and Diplomacy, Asia Society Policy Institute
  • Prof. David Shambaugh, Gaston Sigur Professor of Asian Studies, Political Science & International Affairs and Founding Director, China Policy Program, Elliott School of International Affairs, George Washington University
  • Dr. Nicol Turner-Lee, Senior Fellow, Governance Studies & Director, Center for Technology Innovation, Brookings Institution
  • Robert D. Williams, Executive Director, Paul Tsai China Center, Yale Law School

– End – 

 

About the South China Morning Post

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.    

About the China Conference

South China Morning Post’s China Conference was first launched in 2015 with the aim of setting the agenda for China watchers, business leaders and government officials around the world. Convening hundreds of thought-leaders at each event, renowned experts have debated pressing issues surrounding the world’s second-largest economy, and fostered better understanding and elevated thought about China’s culture, society, industries and economy. Originally held in Hong Kong, it has branched out to Southeast Asia and now the United States in the past year. Visit  https://ccus2020.scmp.com/ for more details. 

For media enquiries, please contact:

Sadie Van Vraken

sadie@causewaystrategies.com

Elgen Kua

elgen.kua@scmp.com 

OPERATION SANTA CLAUS 2020 KICKS OFF WITH ‘CARING COMMUNITY, CARING CHRISTMAS’ THEME

HONG KONG, 3 November 2020 – Operation Santa Claus (OSC), jointly organised by Radio Television Hong Kong (RTHK) Radio 3 and the South China Morning Post (SCMP), kicked off its annual fund-raising campaign today with the theme ‘Caring Community, Caring Christmas’ for 2020, as well as a series of announcements aimed at promoting the spirit of giving to benefit those in need during the festive season.

The 2020 OSC Campaign launch was marked by the release of a special video today introducing this year’s Ambassadors, Olympic swimmer Alex FONG and artiste Pakho CHAU, who will perform the first-ever OSC theme song encouraging Hong Kong’s community to get involved and participate in one of the city’s most recognised charity initiatives.

This year, OSC is committed to raise funds for 19 selected beneficiaries to run charitable projects helping children and young people, the elderly and the community generally, as well as people with physical and mental disabilities. While 2020 has been a challenging year for many, OSC is determined to support those impacted most by the COVID-19 pandemic and this year’s campaign aims to offer immediate support and future recovery plans to people in challenging circumstances. 

Said Director of Broadcasting LEUNG Ka-wing: “I am grateful to our generous donors, who have contributed over HK$316 million, funding more than 300 projects over the last 32 years. We face an unprecedented challenge to support our community this Christmas and we are committed to amplify the call to remind everyone it is the season to care, share and give to the disadvantaged.”

Another milestone for OSC was the unveiling of a brand new look. The design of the new logo is a timely reminder of OSC’s brand purpose and identity to champion the spirit of giving and bring people together to celebrate hope and generosity to benefit Hong Kong’s community. Illustrated with a hand placing a heart into a Christmas stocking, it represents OSC as a platform for collaboration by bringing together corporate organisations and NGOs to benefit the community and reinforce the message that everyone and anyone can make an impact by spreading love and care. 

“It reflects the strong community spirit of Hong Kong and OSC’s mission to serve those in need,” said SCMP CEO Gary LIU. “With our partners, donors and beneficiaries, we will continue to champion the spirit of giving and magnify efforts to bring cheer to the city this Christmas.”

Said CHAU, who is an OSC Ambassador for the second year running, “OSC brought together many fun and creative fundraising initiatives during the lead up to Christmas and it felt great to be part of something bigger by helping others. I hope to inspire others by bringing cheer so that the less fortunate can embrace what the best of Hong Kong and Christmas has to offer.” 

“The fund-raising campaign starts in November and I really look forward to taking part in it as an Ambassador,” said FONG. “Helping the city’s disadvantaged at a time like this is a major challenge that will take a massive team effort, stamina and dedication, and I’m delighted to do my part to support the OSC.” 

OSC will salute its most outstanding supporters at the end of the campaign with special awards in February 2021 that recognise significant contributions to the community during the campaign. For more information about the OSC campaign, please visit the OSC websites (osc.scmp.com or rthk.hk/osc2020) as well as “Operation Santa Claus HK 愛心聖誕大行動” Facebook page (facebook.com/opsantahk).

Operation Santa Claus 2020 – Factsheet

OSC 2020 Beneficiaries and Projects

This year, 19 charities in four distinct areas have been selected to receive OSC donations. Themed “Caring Community, Caring Christmas”, the 2020 OSC campaign aims to inspire Hong Kong by showing our care and delivering hope to light up the lives of the needy with a series of fundraising activities and virtual events.

 

Beneficiaries

Project Title or Details

Children and Youth

1

Bring Me A Book Hong Kong Limited

School-based Reading Program: Lifelong Love of Reading

2

Hong Kong Children in Need Foundation Limited

STEM Maker in School

3

Hong Kong Red Cross

Red Cross Little Buddies

4

Sowers Action

After-school Tutoring Program

5

Tsang Pik Shan Secondary School

Simple Technical Self-Development

6

The Zubin Mahtani Gidumal Foundation Limited

EM Child Trauma Counselling Service

7

Mind Mental Health Hong Kong Limited

Mind HK and Morgan Stanley Sponsorship Programme

8

PathFinders Limited

A Child’s Journey with PathFinders

9

TREATS

Sports Play Out! The Train-the-Trainer Gamified Sports Project for Ethnic Minorities Youth in Hong Kong

10

InspiringHK Sports Foundation

Sportshour Co-Sporting Programme for Underprivileged ADHD Youth and Caretakers 

Community

11

Playright Children’s Play Association

Community Engagement and Empowerment for Play Space Transformation Project (Phase 2)

12

J Life Foundation Limited

J Life @ Fighting COVID-19

13

HandsOn Hong Kong Limited

Care Delivered

14

Wofoo Social Enterprises Limited

Simple Living

15

Enrich HK

Debt Recovery Programme for Migrant Domestic Workers

Elderly

16

Senior Citizen Home Safety Association

Easyhome Services for Elderly and their Carers

17

St. Barnabas’ Society and Home

Healing the Poor Visions of the Underprivileged Elderly Project

Physical and Mental Disabilities

18

Caritas Rehabilitation Service

Hope

19

Home of Loving Faithfulness

Life-long special care for handicapped children and adults

 

OSC 2020: Multimedia content

Launch Video: 

The 2020 OSC Campaign launch was marked by the release of a special video today, introducing the ambassadors Olympic swimmer Alex FONG and artiste Pakho CHAU, Director of Broadcasting LEUNG Ka-wing and SCMP CEO Gary LIU.

The video will be available on the following channels:

 

New OSC logo: 

The new OSC logo is illustrated with a hand placing a heart into a Christmas stocking, which symbolises OSC’s role in bringing organisations and the community together during the festive season to benefit those in need in Hong Kong.

Photos:

The 2020 OSC Campaign launch was marked by the release of a special video today, introducing Director of Broadcasting LEUNG Ka-wing, SCMP CEO Gary LIU and the ambassadors Olympic swimmer Alex FONG and artiste Pakho CHAU.

This year’s Ambassadors, Alex FONG and Pakho CHAU, will perform the first-ever OSC theme song.

About Operation Santa Claus

Operation Santa Claus (OSC) is an annual charity campaign jointly run by RTHK and SCMP. Established in 1988, OSC aims to make a difference to the community and beyond by combining the fundraising power of two of the city’s most respected media organisations. Mainly during the months of November and December every year, the public, various non-profit making organisations, commercials and educational sectors in Hong Kong demonstrate their compassion by organising creative fundraising initiatives for specially selected deserving causes. 

 

Media Enquiries: 

 

SCMP Corporate Communications

Muriel CHEUNG (2680 8193 / pr@scmp.com)

SCMP’S CHINA FINTECH REPORT REVEALS LATEST TRENDS AND INNOVATIONS IN WORLD’S LARGEST FINTECH MARKET

HONG KONG, 28 October 2020 – The South China Morning Post announced today the release of its inaugural China Fintech Report, a comprehensive resource on the latest trends and future trajectory of the world’s largest financial technology ecosystem.

The report provides essential investment insights and market analysis of the future of this rapidly growing sector, providing a key source of competitor analysis and learnings for traditional financial services. China’s massive domestic financial market has an estimated 87% of consumers using fintech services, a US$29 trillion (200 trillion yuan) mobile payment market in 2019, and the largest global market for online securities trading. 

As China opens its financial system to foreign players and prepares to launch the world’s first national virtual currency, its fintech sector is poised to make a major impact on the global financial market. The report includes exclusive case studies on key industry players, an overview of funding activity and deals, and in-depth sector analysis of digital payments, digital banking, wealthtech, insurtech, and blockchain. 

Key findings of the report include: 

  • China poised to become the first cashless society: The shift will be mobile-first, with mobile payments already accounting for four out of every five payments and more than half the value of all non-cash retail payments in China.
  • Massive growth potential for online wealth management: Personal investable assets in China are estimated to grow at a compound rate of 10% from US$23 trillion (160 trillion yuan) in 2019 to US$42 trillion (287 trillion yuan) by 2025, with US$10 trillion (69 trillion yuan) expected to be invested via online platforms by 2025.
  • Expanding market for insurtech: Online insurance premiums currently account for less than 8% of total Chinese insurance premiums, suggesting the sector has a long way to grow as China overtakes the US to become the world’s biggest insurance market by the mid-2030s.
  • Blockchain a national priority: China’s banks are ramping up blockchain use with applications in SME lending, risk management and operation efficiency, while China prepares to launch the world’s first sovereign digital currency, with a large-scale rollout expected to come before China hosts the 2022 Winter Olympics.

“The fintech companies of China, which are already pushing boundaries and setting the bar higher than any other company anywhere else, are expected to expand beyond Chinese shores into the broader world,” said SCMP’s Business Editor Eugene Tang. “The coronavirus pandemic, which has led to paradigm shifts in the way humans earn and pay, will only accelerate the rise of fintech, with increased investor and consumer appetite for online financial services.”

The report is targeted at those watching the global trajectory of fintech, including corporate executives, professional services providers, investment professionals, and academics. To purchase the full China Fintech Report, please visit https://research.scmp.com/products/china-fintech-report-2020

 

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

ABOUT SCMP RESEARCH

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.

For more information, please contact:

Elgen Kua 

elgen.kua@scmp.com

SCMP APPOINTS JOHN ARTMAN AS THE POST’S TECHNOLOGY EDITOR

HONG KONG, 1 September 2020 – The South China Morning Post announced today the appointment of John Artman as its Technology Editor. Artman will lead one of the biggest and fastest growing reporting teams covering an expansive intersection of technological transformation and the rise of China. 

In addition to providing in-depth coverage of tech issues and breaking news, Artman will play an instrumental role in the Tech Desk’s contributions to ’s industry reports, which have covered a broad range of trending topics that include China’s Artificial Intelligence (AI), Healthcare, and the Internet industry. 

The Post’s technology section has become a comprehensive destination for all things China tech to SCMP’s global readership of over 50 million monthly active users. Most recently this comprised compelling stories about China’s innovative applications of science and technology in dealing with the COVID-19 pandemic and its search for a vaccine.

“John is well-known for his deep insights about technology in China, which is a vital industry sector that has major global relevance. We are extremely pleased he joins our newsroom, and we look forward to leveraging his expertise in media, technology and content to elevate our coverage on technology in China,” said Tammy Tam, SCMP’s editor-in-chief. 

With more than ten years of reporting experience in China, Artman is a leading journalistic voice on Chinese technology. Most recently, he served as Editor-in-Chief at TechNode, and played an important role in overhauling the site into a must-read for anyone interested in technology in China. Previously, Artman was the Managing Director of Technical Communications at CSOFT International and worked at China Radio International as a radio show host and technology and web reporter. Artman is a self-described “avid China-watcher” and has been living in Beijing since 2008.

“The South China Morning Post has played a crucial role in informing and educating readers on what drives tech in China and shedding light on one of the world’s most innovative and fast-paced industries. I am excited to join a media company that is punching above its weight and be part of their mission to lead the global conversation on China,” said Artman.

Artman’s appointment is effective from 1 September and will be based at SCMP’s global headquarters in Hong Kong.

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a daily news brief for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

For more information, please contact:

Andrea Leung

+852 26808118

andrea.leung@scmp.com

Elgen Kua

elgen.kua@scmp.com

SCMP APPOINTS QIN SHENG TO LEAD ITS PEOPLE DEPARTMENT

HONG KONG, 31 August 2020 – The South China Morning Post announced today the appointment of Qin Sheng as Senior Vice President, People Department, to lead its people-focused strategies and to build a vibrant and diverse work environment. Following SCMP’s rapid growth and transformation into a global digital media organisation, Sheng’s appointment sharpens the company’s focus on enhancing the employee experience and bringing innovation and analytics to people-first programmes. Sheng’s responsibilities include overseeing the People Department’s strategy and planning, driving learning and growth initiatives, as well as supervising employee engagement and organisational development.

“We are delighted to have Sheng join our leadership team. The coronavirus pandemic has introduced new challenges and new opportunities in the workplace, and Sheng’s expertise and experience will help elevate SCMP’s value-driven culture, people-first strategies, and overall employee experience,” said Gary Liu, SCMP’s Chief Executive Officer.

“It is an exciting time to join a leading media company that embraces digital transformation initiatives while placing a strong emphasis on values, communication and an overwhelming dedication to building its people. I am looking forward to working with a purpose-driven team and am thrilled at the opportunity to take our organisational culture to new heights,” said Sheng.

With a track record of more than 15 years in luxury retail and consumer industries, Sheng brings a wealth of experience in leadership with several international organisations.

Sheng previously served on the leadership team at H&H Group as Group Senior Director of People & Culture. She oversaw major organisational changes and led the alignment of global HR practices. Prior to that, she was the HR Director at LVMH Fashion Group Asia Pacific, where she improved HR efficiencies with an analytic approach to talent management and budgeting across multiple brands and markets. She also introduced digital initiatives for employee experience and deployed diversity programmes at LVMH.

Qin Sheng’s appointment is effective from 31 August and she will be based at SCMP’s global headquarters in Hong Kong.

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

 

For more information, please contact:

Andrea Leung

andrea.leung@scmp.com 

+852 2680 8118

Elgen Kua

elgen.kua@scmp.com

SCMP’S CHINA HEALTHCARE REPORT REVEALS KEY INSIGHTS INTO WORLD’S SECOND-LARGEST HEALTHCARE MARKET

HONG KONG, 13 August 2020  South China Morning Post announced today the release of its inaugural China Healthcare Report that comprehensively examines industry innovations and trends that will impact the global market, as well as ambitious reforms that will reshape China’s domestic healthcare market. 

China’s healthcare industry currently leads the world in double-digit growth and has an outsized impact on the global healthcare market as the second-largest healthcare market by expenditure – US$3.5 trillion in 2018. The report also tracks the impact of Covid-19 on structural shifts in the global supply chain of healthcare products and includes a review of Covid-19 vaccine developments and leading healthcare innovators and industry leaders in China.  

The report features deep dive case studies on the latest developments in the business of China’s healthcare industry, including opportunities, risks, and predictions. The report is created by SCMP Research and leverages the Post’s unmatched access into China, covering major sectors such as pharmaceuticals, biotechnology, medical devices and supplies manufacturing, service providers, and healthcare technology. Several major findings include: 

  • Massive investments in R&D and innovation: China’s combined pharmaceutical and biopharmaceutical R&D spending is forecast to grow at a 23 percent compound annual rate until 2023, when it will reach US$49 billion, accounting for 23 percent of the world’s total spending on drug discovery and testing.
  • Rapid growth of China’s biopharmaceutical industry: Biopharmaceutical sales in China have more than doubled since 2016 and are projected to reach almost $50 billion by 2021. China’s capacity to create best-in-class drugs could rival that of America and Europe before 2030.
  • Global manufacturing tech giants tap into medical devices and equipment: Chinese medical supplies accounted for US$10 billion or 2.6 percent of the total exports in Q1 2020. The government’s Made in China 2025 strategic plan calls for a greater focus on innovation to bring manufacturing up the value chain for high-tech medical devices.  
  • China’s dominance in Active Pharmaceutical Ingredients global exports: China manufactures 40 percent of APIs used worldwide and is a leading supplier of basic chemicals to the global pharmaceutical industry, worth 384.3 billion yuan (US$54 billion) in 2018. 
  • China’s foray into health-technology: The Covid-19 outbreak prompted a 20x increase in diagnoses and 10x jump in prescriptions on online healthcare platforms, and accelerated the adoption of AI in CT scans, algorithms for Covid-19 detection in genomic sequencing, and AI-based research platforms for vaccines.

SCMP’s Executive Editor Chow Chung-yan said: “The world is facing an acute healthcare challenge when people are living much longer, populations are rapidly ageing, and healthcare costs are rising. China aims to significantly improve its healthcare standards to be on par with those in developed nations by 2030. This will spur innovation in the sector, provide impetus for growth in the global healthcare industry, and catapult Chinese healthcare firms onto the international stage.” 

The report is targeted at those interested in understanding the complexity of the Chinese healthcare market, including academics, investors and technologists. For an overview of the China Healthcare Report and to purchase the full report, visit https://research.scmp.com/products/china-healthcare-report-2020

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

ABOUT SCMP RESEARCH

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.

For more information, please contact:

Elgen Kua

elgen.kua@scmp.com

Andrea Leung

andrea.leung@scmp.com 

+852 2680 8118

Inaugural ‘Women of Our Time’ conference features world-class line-up of government and business leaders

HONG KONG, 5 March 2021 – The South China Morning Post’s announced today its inaugural Women of Our Time Conference on 8-9 March and its compelling lineup of speakers led by Madam Halimah Yacob, President of the Republic of Singapore, and Ambassador Delia Domingo-Albert, Former Secretary of Foreign Affairs, Asia, Republic of the Philippines.

Themed “Beyond empowerment and equality”, the interactive two-day conference will examine how today’s women in power and tomorrow’s emerging female leaders are sparking new ideas that spur generations of followers and collaborators in building a new world with a more sustainable future.

The conference provides a global platform for thought leaders and puts the spotlight on the myriad achievements of female trailblazers and pioneers in Asia who have been influential in tackling the many challenges posed by an ongoing pandemic and a depressed economy, against a backdrop of ever-changing global diplomacy. Madam Halimah will kick off the conference with perspectives on strategies for building an inclusive society in a COVID-19 era. Ambassador Albert will also share her valuable insights on women in diplomacy.

In addition, the event offers attendees the opportunity to learn from over 30 female leaders who are leading through disruption, confusion, turbulence and conflict, as well as exploring complex and timely issues, from the impact of the Covid-19 pandemic on women to building an inclusive society. Attendees can look forward to being inspired by stories of reinvention, benefit from networking opportunities as well as enjoying the insights of leading and emerging women champions and entrepreneurs such as Mohammad Naciri, Regional Director, Asia and the Pacific, UN Women; Joey Wat, Chief Executive Officer, Yum China;  Jane Sun, CEO, Trip.com Group; Lucy Liu, Co-founder & President, Airwallex; Tan Hooi Ling, Co-founder, Grab; Shinta Widjaja Kamdani, Chief Executive Officer, Sintesa Group; Ankiti Bose, Co-founder & Chief Executive Officer, Zilingo; Jeanne Lim, Board Member and former CEO of Hanson Robotics; and Christine Ip, CEO – Greater China, UOB.

The conference is part of SCMP’s goal to champion diversity and inclusion. This initiative first took the form of the ‘Women of Our Time’ magazine, launched in 2011, followed by the inaugural Women of Our Time conference in 2014.

To register or learn more about the Women of Our Time Conference, visit our website at https://womenofourtime.scmp.com/home for more details. Media wishing to apply for access passes should please contact Stef Lo at stef.lo@scmp.com.

Speakers at Women of Our Time Conference:

  • Madam Halimah Yacob, President, Republic of Singapore
  • Amb. Delia Domingo-Albert, Senior Adviser, SyCip Gorres Velayo & Co. and Former Secretary (Minister) of Foreign Affairs, Asia, Republic of the Philippines
  • Mohammad Naciri, Regional Director, Asia and the Pacific, UN Women
  • Joey Wat, Chief Executive Officer, Yum China
  • Jane Sun, CEO, Trip.com Group
  • Tan Hooi Ling, Co-founder, Grab
  • Lucy Liu, Co-founder & President, Airwallex
  • Shinta Widjaja Kamdani, Chief Executive Officer, Sintesa Group
  • Emily Lam-Ho, Founder & CEO, Empact 28; Co-founder & CEO, EcoDrive
  • Ankiti Bose, Co-founder & Chief Executive Officer, Zilingo
  • Jeanne Lim, Co-founder & CEO, beingAI Limited; Former CEO & CMO, Hanson Robotics
  • Christine Ip, CEO – Greater China, UOB
  • Gillian Ng, Senior Director, Corporate Governance, Iclif Executive Education Center, Asia School of Business
  • Ruth Benny, Founder, Top Schools
  • Natalie Chan, Founder, OWN Academy
  • Josephine Chow, Co-founder & Head of International Expansion, ShopBack
  • Caecilia Chu, Co-Founder & CEO, YouTrip
  • Christina Dean, Founder & CEO, The R Collective; Founder, Executive Director & Board Chair, Redress Asia
  • Pat Dwyer, Founder & Director, The Purpose Business
  • Reese Fernandez-Ruiz, Co-founder, Rags2Riches
  • Ee Ling Lim, Co-founder & CEO, Smarter Me
  • Raena Lim, Co-founder & COO, Style Theory
  • Windy Natriavi, Co-Founder & Chief Product Officer, AwanTunai
  • Lennise Ng, CEO & Co-founder, Dropee
  • Esther Nguyen, Founder & CEO, POPS Worldwide
  • Crystal Pang, Co-founder & Chief Executive Officer, Pickupp
  • Vanessa Paranjothy, Co-Founder, Freedom Cups
  • Christel Quek, Co-founder & CTO, BOLT
  • Michelle Tan, Co-founder & Editor-in-Chief, INFLUASIA
  • Suzana Tengku, Co-founder & Chief Editor, Have Halal, Will Travel
  • Val Yap, Founder & CEO, PolicyPal

-End-

About the South China Morning Post

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and, Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a daily news brief for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.

About Women of Our time Conference

The South China Morning Post’s Women of Our Time conference puts the spotlight on the myriad achievements of female trailblazers and pioneers in Asia who have been influential in tackling the many challenges posed by an ongoing pandemic and a depressed economy, against a backdrop of ever-changing global diplomacy. As efforts toward diversity and inclusion become less of a novel concept, and rather an ingrained facet of global business and politics, the conference will look beyond ideas of empowerment and equality to examine how today’s women in power and tomorrow’s emerging female leaders are sparking new ideas that spur generations of followers and collaborators in building a new world for a more sustainable future.

Featuring influential keynote speakers, interviews spotlighting inspiring stories of female industry champions, and panel discussions highlighting how today’s emerging trailblazers are redefining their industries, the conference will magnify how women in Asia have been and will continue to be crucial in piloting substantial change and spawning opportunities for a new generation in the face of mounting challenges and relentless uncertainties.

For media enquiries, please contact:

Elgen Kua

elgen.kua@scmp.com

Stef Lo

stef.lo@scmp.com